Nordic, Avista raise £975m through first ConvaTec block, sell £1bn to Novo A/S
Nordic Capital and Avista Capital Partners on Tuesday night completed the first block trade in ConvaTec, the UK wound care and catheters company, since its blockbuster £1.6bn IPO in October. The deal was increased by 25%, to fetch £975m.
The IPO global co-ordinators, Bank of America Merrill Lynch, Goldman Sachs and UBS, were bookrunners.
The block was launched with a size of 300m shares, a 15.37% stake in the company, and priced at 260p, a 3.3% discount to the closing price.At 4.55pm, shortly after the ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org